High-hung shares proposed to additional 80 million shares

Raise funds 463.5 million Yuan High-hung shares (000851) 20th announced the non-public issue of stock plans, the company intends to issue shares to specific objects not exceeding 80 million shares (including 80 million shares), the issue price is not less than 6.46 yuan/shares, raise funds not more than 463.5 million yuan.　　The number of shares subscribed by the company's controlling shareholder, the Telecommunication Science and Technology Institute, is no less than 5% of the total non-public offering, not exceeding 12.42%. Company said that the funds will be invested in the "It chain store expansion and 3G Mobile e-business system" and "3G mobile internet and Internet value-added services," the construction of two projects, thereby expanding the company in the 3G Terminal Telecom value-added services in the field of industrial layout, promote the company's business organization optimization. (Uping)